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For a second to link this class to what we did last time. And last time we were talking about federalism and particularly the balance of power between states and localities. Now when people talk about federalism, they usually use the term to refer to the balance of power between the federal government and states. But last time we were talking about the debates between state and local level power. And those mirrored debates at the federal level and if anything they were much more contentious because so much governing authority was located in the states and localities. And what were talking about was a system of layered authority. Where states had control over the rights of citizens and the Public Interest. But they gave local areas Broad Discretionary Authority over a wide range of matters involving the Publi ....
Localities. Now when people talk about federalism, they usually use the term to refer to the balance of power between the federal government and states. But last time we were talking about the debates between state and local level power. And those mirrored debates at the federal level and if anything they were much more contentious because so much governing authority was located in the states and localities. And what were talking about was a system of layered authority. Where states had control over the rights of citizens and the Public Interest. But they gave local areas Broad Discretionary Authority over a wide range of matters involving the Public Interest. So basically the states then handed over all of the discretion over this broad area of the Pu ....
Market not able to meet that sort of pricing expectation. Well, your Investment Committee today, joe terranova, jim laichb thal, pete najarian, and rob sechan is there anything, joe, that we can take away from peloton even maybe uber and lyft we dont know the numbers. They havent had a public quarter. Im not asking you to analyze the stock. You want the good news first . Sure. Its not smile direct now if you look at the stock, you say to yourself, what is it . Is it technology what is it exactly that we just brought to the market . Fitness is very difficult. Pete and i were just talking about this before the show you go back to 2002. Think about may of 2002. Nautilus was 45 nautilus is basically 40 million market cap at this point. A dollar fitness is difficult to offer on a public exchange. Think about vitamin shop, gnc. Now, you get the occasional Planet Fitness which ....
In women and girls. Seizing these opportunities will help prevent crisis in the future but we must still respond to the crisises of today. We cannot turn away from the more than 60 Million People who have been forced to flee their homes, the highest number since world war ii. Many are fleeing the very same terrorists that we are fighting. Now is the time to do more by welcoming more refugees to america. Without discrimination based on race, religion, or ethnicity. And providing more support to refugee hosting countries. And we cannot defeat violent extremism when millions of people see a future of continued injustice and lack of opportunity. Development programs can help address underlying issues that make communities more vulnerable to violent extremism, getting directly to the causes of this problem not only addressing the symptoms. And we cannot ignore how so many challenges are exacerbated by the plague of corruption. Its not ....